TPG Reports Third Quarter 2024 Results
TPG reported strong Q3 2024 results with total assets under management reaching $239 billion, up 76% year-over-year. The firm achieved GAAP net income of $9 million with EPS of $0.04, while Fee-Related Earnings grew 22% to $191 million with a 41% margin. After-tax Distributable Earnings were $189 million ($0.45 per share). The company declared a quarterly dividend of $0.38 per share. Through Q3, TPG deployed $23 billion of capital, generated $16 billion in realizations, and raised over $21 billion across strategies, marking successful integration with Angelo Gordon acquisition.
TPG ha riportato risultati solidi per il terzo trimestre del 2024, con un patrimonio totale gestito che ha raggiunto 239 miliardi di dollari, in aumento del 76% rispetto allo scorso anno. L'azienda ha registrato un reddito netto GAAP di 9 milioni di dollari con un EPS di 0,04 dollari, mentre gli utili legati alle commissioni sono cresciuti del 22% raggiungendo 191 milioni di dollari con un margine del 41%. Gli utili distribuibili dopo le tasse sono stati di 189 milioni di dollari (0,45 dollari per azione). L'azienda ha dichiarato un dividendo trimestrale di 0,38 dollari per azione. Fino al terzo trimestre, TPG ha distribuito 23 miliardi di dollari di capitale, generato 16 miliardi di dollari in realizzazioni e raccolto oltre 21 miliardi di dollari attraverso diverse strategie, segnando una riuscita integrazione con l'acquisizione di Angelo Gordon.
TPG reportó resultados sólidos en el tercer trimestre de 2024, con activos totales bajo gestión que alcanzaron 239 mil millones de dólares, un aumento del 76% interanual. La firma logró un ingreso neto GAAP de 9 millones de dólares con un EPS de 0,04 dólares, mientras que las ganancias relacionadas con comisiones crecieron un 22% hasta 191 millones de dólares con un margen del 41%. Las ganancias distribuibles después de impuestos fueron de 189 millones de dólares (0,45 dólares por acción). La compañía declaró un dividendo trimestral de 0,38 dólares por acción. Hasta el tercer trimestre, TPG desplegó 23 mil millones de dólares en capital, generó 16 mil millones de dólares en realizaciones y recaudó más de 21 mil millones de dólares en diversas estrategias, marcando una exitosa integración con la adquisición de Angelo Gordon.
TPG는 2024년 3분기 강력한 실적을 보고하며 관리 자산 총액이 2390억 달러에 달하고, 이는 전년 대비 76% 증가한 수치입니다. 이 회사는 GAAP 순이익이 900만 달러, 주당순이익(EPS)은 0.04달러에 달했으며, 수수료 관련 수익이 22% 증가하여 1억9100만 달러로, 41%의 마진을 기록했습니다. 세후 배당가능 수익은 1억8900만 달러 (주당 0.45 달러)였습니다. 회사는 주당 0.38 달러의 분기 배당금을 선언했습니다. 3분기까지 TPG는 230억 달러의 자본을 투자하고, 160억 달러의 실현을 발생시키며, 210억 달러 이상의 자금을 다양한 전략을 통해 모았으며, 앤젤로 고든 인수와의 성공적인 통합을 기념했습니다.
TPG a annoncé des résultats solides pour le troisième trimestre 2024, avec des actifs totalisant 239 milliards de dollars, soit une augmentation de 76 % d'une année sur l'autre. La société a réalisé un revenu net GAAP de 9 millions de dollars avec un BPA de 0,04 dollar, tandis que les recettes liées aux frais ont augmenté de 22 % pour atteindre 191 millions de dollars avec une marge de 41 %. Les bénéfices distribuables après impôts étaient de 189 millions de dollars (0,45 dollar par action). La société a déclaré un dividende trimestriel de 0,38 dollar par action. Jusqu'au troisième trimestre, TPG a déployé 23 milliards de dollars de capital, généré 16 milliards de dollars de réalisations et levé plus de 21 milliards de dollars à travers diverses stratégies, marquant une intégration réussie avec l'acquisition d'Angelo Gordon.
TPG meldete starke Ergebnisse für das dritte Quartal 2024, mit einem verwalteten Gesamtvermögen von 239 Milliarden Dollar, was einem Anstieg von 76 % im Vergleich zum Vorjahr entspricht. Das Unternehmen erzielte ein GAAP-Nettoeinkommen von 9 Millionen Dollar mit einem EPS von 0,04 Dollar, während die gebührenbezogenen Einnahmen um 22 % auf 191 Millionen Dollar mit einer Marge von 41 % wuchsen. Die nach Steuern verfügbaren Gewinne betrugen 189 Millionen Dollar (0,45 Dollar pro Aktie). Das Unternehmen gab eine vierteljährliche Dividende von 0,38 Dollar pro Aktie bekannt. Bis zum dritten Quartal setzte TPG 23 Milliarden Dollar an Kapital ein, generierte 16 Milliarden Dollar an Realisierungen und sammelte über 21 Milliarden Dollar über verschiedene Strategien, was die erfolgreiche Integration der Übernahme von Angelo Gordon markiert.
- Assets under management increased 76% YoY to $239 billion
- Fee-Related Earnings grew 22% YoY to $191 million
- Strong capital deployment of $23 billion in first three quarters
- Raised over $21 billion across strategies
- Generated $16 billion in realizations
- Relatively low GAAP net income of $9 million ($0.04 per share)
Insights
TPG delivered a robust quarter with significant growth metrics. The 76% year-over-year increase in AUM to
The firm's capital deployment of
Total assets under management of
GAAP net income attributable to TPG Inc. of
Fee-Related Earnings of
After-tax Distributable Earnings of
Dividend of
“TPG’s strong third quarter results highlight the broad-based momentum across our firm,” said Jon Winkelried, Chief Executive Officer. “We just marked the one-year anniversary of our acquisition of Angelo Gordon, and we are operating as one firm with the full force of our combined capabilities. Through the first three quarters of this year, we have deployed nearly
Dividend
TPG has declared a quarterly dividend of
Conference Call
TPG will host a conference call and live webcast today at 11:00 am ET. It may be accessed by dialing (800) 245-3047 (US toll-free) or (203) 518-9765 (international), using the conference ID TPGQ324. The number should be dialed at least ten minutes prior to the start of the call. A simultaneous webcast will also be available and can be accessed through the Investor Relations section of TPG’s website at shareholders.tpg.com. A webcast replay will be made available on the Events page in the Investor Relations section of TPG’s website.
About TPG
TPG is a leading global alternative asset management firm, founded in
Forward Looking Statements; No Offers
This document may contain “forward-looking” statements. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects” and similar references to future periods, or by the inclusion of forecasts or projections. Examples of forward-looking statements include, but are not limited to, statements we make regarding the outlook for our future business and financial performance, estimated operational metrics, business strategy and plans and objectives of management for future operations, including, among other things, statements regarding expected growth, future capital expenditures, fund performance, dividends and dividend policy, and debt service obligations.
Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by any forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the inability to recognize the anticipated benefits of the acquisition of Angelo Gordon; unexpected costs related to the integration of the Angelo Gordon business and operations; our ability to manage growth and execute our business plan; and regional, national or global political, economic, business, competitive, market and regulatory conditions, among various other risks discussed in the Company’s SEC filings.
For the reasons described above, we caution you against relying on any forward-looking statements, which should be read in conjunction with the other cautionary statements included elsewhere in this document and risk factors discussed from time to time in the Company’s filings with the SEC, which can be found at the SEC’s website at http://www.sec.gov. Any forward-looking statement in this document speaks only as of the date of this document. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update or revise any forward-looking statement after the date of this document, whether as a result of new information, future developments or otherwise, except as may be required by law. No recipient should, therefore, rely on these forward-looking statements as representing the views of the Company or its management as of any date subsequent to the date of the document.
This document does not constitute an offer of any TPG Fund.
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Shareholders
Gary Stein
212-601-4750
shareholders@tpg.com
Media
Luke Barrett
415-743-1550
media@tpg.com
Source: TPG Inc.
FAQ
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